In a bid to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa, the Central Bank of Nigeria...
The Central Bank of Nigeria has issued a strong warning to licensed Bureau De Change (BDC) operators nationwide, vowing to impose severe sanctions on those who...
A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) over the Paris Club refund at the...
The Central Bank of Nigeria (CBN) on Friday supplied a total of $197.71 million to the foreign exchange market through sales to authourised dealers. The apex...
The Central Bank of Nigeria (CBN) has dismissed as false a widely circulated report claiming it has introduced new N5,000 and N10,000 banknotes. In a statement...
President Bola Tinubu has requested the Senate confirmation of Prof. Melvin Ayogu’s appointment to the Central Bank of Nigeria (CBN) Board of Directors. The President made...
The House of Representatives has urged the Central Bank of Nigeria (CBN) to halt the implementation of the recent increase in Automated Teller Machine (ATM) transaction...
In a bid to ensure a transparent and resilient financial system, the Central Bank of Nigeria (CBN) has reaffirmed its commitment to reinforcing regulatory compliance and...
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) to...
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over the failure to reverse what it said...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which benchmarks interest rates in the country,...
Micro, Small and Medium Enterprises, MSMEs in Nigeria might soon heave a sigh of relief as the Federal Government, through the Central Bank of Nigeria has...
The Central Bank of Nigeria (CBN) has announced the upcoming 299th meeting of its Monetary Policy Committee using four indigenous languages, Yoruba, Hausa, Igbo, and Pidgin....
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, to use his “leadership position to immediately...
The Central Bank of Nigeria (CBN) has reassured customers of Keystone Bank Limited of the safety of their funds. In a statement on Friday, the CBN’s...
The Central Bank of Nigeria (CBN) has threatened to penalise banks that compel customers to withdraw amounts lower than N20,000 per transaction from Automated Teller Machines...
For many Nigerians, withdrawing cash from any available ATM has been a convenient part of daily banking. But starting March 1, 2025, that convenience comes at...
The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC). The apex bank shifted the meeting which was initially...
The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to the purchase of foreign exchange from a single authorised...
Nigeria’s forex reserves declined by $1.16 billion in the last three weeks. The Central Bank of Nigeria (CBN) disclosed this in its gross forex exchange movement...
The Central Bank of Nigeria (CBN) has extended the temporary access granted to Bureau de Change (BDC) operators to purchase foreign exchange from the Nigerian Foreign...
The Central Bank of Nigeria (CBN) has approved CFA Franc for the repatriation of export proceeds. The Executive Director of the Nigeria Export Promotion Council (NEPC),...
The Central Bank of Nigeria (CBN) said on Tuesday the forensic verification of the $7 billion FX backlogs is nearing completion. The CBN Governor, Olayemi Cardoso,...
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit compliance reports detailing their adherence to the Nigeria...
The Central Bank of Nigeria (CBN) is set to launch a new Compliance Department by the end of February in a bold move to restore transparency...
The Central Bank of Nigeria (CBN) has predicted a 4.17 percent Gross Domestic Product (GDP) for the country this year. The CBN Deputy Governor, Economic Policy,...
The Central Bank of Nigeria (CBN) has introduced two new financial instruments: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). This,...
The Central Bank of Nigeria (CBN) has granted eligible Bureau De Change (BDC) operators in the country temporary access to the Nigerian Autonomous Foreign Exchange Market...
In a bid to promote a cashless policy, the Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000...
Justice Benedict Kanyip of National Industrial Court, Abuja, on Tuesday, withdrew from separate suits filed by 62 recently sacked staff of Central Bank of Nigeria (CBN)....
The Central Bank of Nigeria (CBN) has vowed to impose a N150 million fine per branch on any bank releasing naira notes to currency hawkers in...
The Central Bank of Nigeria (CBN) on Friday told Nigerians to disregard all misinformation on the validity of the old Naira notes. The apex bank was...
The United Kingdom has expressed happiness at a productive collaboration with the Central Bank of Nigeria (CBN) and other Nigerian agencies to track illicit financial flows...
The issue of arbitrary exploitation by Point of Sales (PoS) operators has gotten the attention of Vice President Kashim Shettima who has called on the Central...
As Nigerians continue to grapple with cash scarcity at banks’ Automated Teller Machines (ATMs) ahead of the Yuletide season, the Central Bank of Nigeria (CBN) has...
The Central Bank of Nigeria (CBN), on Tuesday, issued comprehensive guidelines for the operations of the interbank foreign exchange (FX) trading system via the Electronic Foreign...
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country...
The Central Bank of Nigeria (CBN) has advised bank customers to be cautious about the use of fake SWIFT messages during foreign exchange (FX) transactions. The...
The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs) and desist from selling new naira notes to...
The Central Bank of Nigeria (CBN) has listed factors affecting confidence in the Nigerian economy. In its latest Business Expectation Survey, BES, the apex bank noted...
Nigeria’s oil importation dropped to $2.79bn from $4.31bn in Q2 of 2024. This amounts to $1.52bn decline or a 35 per cent decline. This development was...
The Central Bank of Nigeria (CBN) has granted banks the approval to trade with foreign currencies deposited under the amnesty initiative for the foreign exchange (FX)...
The political crisis bedeviling Rivers State has taken another dimension as the State House of Assembly has taken steps to cut off financial allocations to the...
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso has reiterated the willingness of the apex bank to deploy all tools to curb inflation....
The Central Bank of Nigeria (CBN) has signed an agreement with the International Finance Corporation (IFC) to boost local currency financing for Nigerian businesses. As part...
House of Representatives member Afam Ogene, Labour Party Caucus Leader in the House of Representatives, on Friday, criticized the Central Bank of Nigeria (CBN) for its...
The Central Bank of Nigeria (CBN) said on Thursday it has not fixed any deadline for the withdrawal of the old N200, N500, and N1,000 banknotes...
The House of Representatives on Thursday asked the Central Bank of Nigeria (CBN) to initiate a gradual withdrawal of old naira notes and ensure the circulation...
The House of Representatives on Tuesday urged the Central Bank of Nigeria (CBN) to raise agricultural lending from 1.4 percent to 7 percent over the next...
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said the apex bank is working towards verifying the outstanding claims from the...
